An Investment Adviser Has a Duty to Make _____ Based

question 1

Multiple Choice

An investment adviser has a duty to make _____ based on a _____ inquiry into a client's investment objectives,financial situation and other factors.

• A)Manage assets / reasonable.
• B)Manage assets / suitable.
• C)Recommendations / reasonable.
• D)Recommendations / suitable.

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Definitions:

Notes Receivable

A claim against a debtor for an uncollected amount, typically evidenced by a formal instrument of credit.

Face Value

The nominal value printed on a bond, note, or other financial instrument, representing its value at maturity.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Dishonored

A term used when a financial instrument, such as a check or bill of exchange, is not paid upon presentation or when agreed terms are not met.